I think mid-term resistance for the Loonie is 78.66, its 52-wk high, so we have almost 3% in appreciation, in USD terms, before hitting that.
Gold has really moved since Kerry announced Edwards or insurgents fired missiles on Allawi's house or the Chinese/Russian banking systems look set to implode or the USD started falling off a cliff again. Wonder what took it so long?
By the way, the DayTraders have gotten ahold of my VLCCF pushing it beyond the realm of reason. I am now told it is the next Taser, and having blown through all bullish price targets, noone dare to predict where it might stop. I think the only reason they grabbed it is it has 'VLCC' in the name. Will the PE reach TASR's 140? Who knows? Will it hit $45? Who knows. People have begun to ask 'When to get out?' on a regular basis. VLCCF is a small company, with a small float, and volumes started jumping 6wks ago, and are now about triple average. I suppose in the VLCC business when costs are $20,000/day a $100,000 spot tanker rate (VLCCF has 5 tankers, 2 on the spot mkt. Small shipper)
finance.yahoo.com
It's stock is now outperforming its competitors (FRO, TNP, SFL-which I own, and NAT, which I don't)
Maybe it should be GUCUDDEED (Gold Up Commodities-incl Energy Up, Everything Else Down) What do you think, SC? Jay? |
